AUDUSD Daily Analysis – February 17, 2015

AUDUSD continued its sideways movement in a range between 0.7625 and 0.7875. As long as 0.7875 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.8294 (Jan 15 high), another fall towards 0.7000 is still possible after consolidation.

audusd chart